Nine-unit multifamily building for sales walking distance to Ottawa University
Substantially rebuilt 9-unit apartment building located within walking distance of Ottawa University Lee’s Campus, Main Campus, and St Paul’s University campus. Largely rebuilt down to the studs in 2019 from the basement to the roof. The long list of work included concrete repair, membrane around the foundation, plumbing infrastructure with water submeters for all units, electrical, upper roof, tankless boiler, radiators, windows, fire alarm system, asphalt, appliances, and completely remodeled units. All tenants pay for electricity and water in addition to their rent. Paid parking and coin laundry. Heating is a central tankless boiler system with high-efficiency radiators. All rents are currently quite below the market value giving the successful buyer a substantial upside opportunity. Tenants are a mix of students and young professionals. Rarely available, this is a long-term legacy investment opportunity for you and your family. No vendor mortgage is available.
Contact My Ottawa Agent, Mitch Gauzas for pricing and more information. We specialize in commercial real estate in Ottawa, the greater Ottawa region and across Eastern Ontario. Our services include retail leasing, industrial leasing, office leasing, selling properties, and real estate investment services. We love listing properties on behalf of landlords and sellers. Let us help you secure new tenants for your building or sell your property.